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MAY 26 '98 16:47 FP. TO 13083817234 P.22i41 20001014' ssors in interest. Leader shall not be required to comas proceedings against such successor Borrower and Borrower's succe or may refuse to extend time by thpayment riginal Borrower �drBorrower�stsuc°cssors i interest. Any by by render on reason of any demand hermudef, or otherwise afforded by applicable law, shall not be a one or more occasions in exercising any right or remedy exercise waiver of or preclude the later of that or any other right or remedy. Leader may accept partial payments from Borrower, without waiving or forbearing 1 o with a notation o similar Security lristrament or under the Note even if such payments are notated as a payment meaning. ens. The covenants and agreements herein 13. Successors and Assigns Bound er shall and Several Liability; ve successors and assigns of Lender and Borrower, contained shall bind, and the rights hereunder shall inure to, be joint and several. Any subject to the provisions of Paragraph 17 he but ao� no execute h N agreements a) isBsigning this Security Instr�urient only to Borrower who signs this Security Instnrme to bender under the terms of this Security Instrument. (b) mortgage. grant and convey that Borrower's interest in the Property agrees that Lender and any other Borrower may is not persvaally liable on the Note or under this Security ions with reg� to the terms of this Security lus��t or the Note agree to extend, rnodify, forbear or make any without that Borrower's consent• ven in another manner: (a) any notice to 14. Notice. Except for any notice required under applicable law to be given Mzilin st•c}h notice by first class mail L , .. t. ^�a "!ili:�fdi 5�7:.'.: U::i':� ::77 G'�:�'.'Cii, :: 0� p Eo::ower prei�:•'cd for in us S cLtn; addressed to the property Address or to such other address as Borrower ruay designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by first class snail to Leader's address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this Securiy .Instrument shall be deemed to have been given to Borrower or leader when given in the manner designated herein- deemed The state and local laws applicable to this Security Instrument shall be the laws of the Governing Lev►: S shall jurisdiction in which the Property is Iocated. The foregoing sentence not limit the applicability of federal law to this Security, Instrument. In the event that any provision or clause of this Security Instrument or the Note COTtflicts with applicable law, such conflict shall not affect other provisions of this Security Instnr� or the, the Note are declared to be severable the conflicting provision, and to this end the provisions of this Security livable law or As used herein, "costs,' -expenses' and "attorneys' fees" include all sums to the extent not prohibited by app limited herein. be tSttnished a copy of the Note and of this Security Instrument at the time of 16. Borrower's Copy. Borrower shall execution or after recordation hereof. art of the Pro or any interest in it 17. Transfer of the Properly or a Banefrciai Interest in Borrower. If an f r red, a Ps not I natural is sold or transferred (or if a beneficial interest in Borrower is sold i trmmeaed and Borrower ullsOf ail sums red by without Lender's prior written consent, Lender may. at its option, require iurimedia p Ymat this Security Instrument. However, this option shall not be exercised by Deader if exercise is prohibited by federal law as of the date of this Security Instrument, If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notices hal provide autl�od notice is delivered of not less than 30 days from otro� fats to pay these sumsopriortoo the expiration of this period, Lender may invoke any this Security Instrument- remedies permitted by this Security Instrument without further notice or demand on Borrower. covenant or is. Acceleration; Remedies. Except as provided in Paragraph 17 hereof, upon Borrower's breach of any agreement of Borrower in this Security Instrument, including the covenants to pay when due any sums secured by this Security Instrument, Lender prior to acceleration shall give notice to date. oteless than 10 days gr 14 hereof the i��s S: (1) e breach; (2) the action required to cute such breach; (3) Borrower, by which such breach must be cured; and (4) that failure to cure such breach orociosu before y the specified o ediin or notice may result in acceleration of the sums semi ed -by this Security Instrument, advertisement and sale of the property - The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action of to assert in the judicial proceeding the nonexistence of a breach or any other defense of Borrower to accelercetilon andl foreclosure. If the breach is not cured on or before the date specified in the notice, Leader, at Lender'3 option may of the sutras secured by this Security instrument to be immediately due and payable without further demand and may foreclose this security Instrument by judicial proceeding or invoke the power of sale hereby granted and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses of foreclosure, including, but not limited to, curt costs, and costs of documentary evidence, abstracts and title reports, even if the breach is cured prior to the completion of any foreclosure. Nt:BWKA DEED OF -MUST 197Vt1 Page aorr 0087242657 M003.5NE